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HomeSTOCKSAgain Chance In This Tata Group Share; Next Share Target ₹212; Stock...

Again Chance In This Tata Group Share; Next Share Target ₹212; Stock May See A Rise

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Tata Group Stock: The stock of Tata Group’s metal company Tata Steel made a new high in early trade for the last consecutive day on Friday (April 12). However, later profit booking was seen from the upper levels. 

There is a rise in metal stocks. Sectoral index Nifty Metal is up by more than 1 percent. Meanwhile, global brokerage house has released a report on metal shares. 

In this, it is advised to invest in Tata Steel. Also, the target price has been increased by about 21-22 percent.

Tata Steel: Price Will Go Up To ₹212

Tata Steel share is seen a good growth. The target price per share was raised from Rs. 165 to 212. On April 9, 2024, the share price was settled at Rs. 166. In this way, the stock may see a rise of more than 20 percent from the current price.

On metal, there are signs of recovery/uptrend in the sector. Metal stocks will benefit from the recovery in global PMI. The copper and aluminum companies can be a good choice for future investment.

Tata Steel: Stock Performance Is Strong

If we take a look at how Tata Steel shares have performed, we can see that Tata Steel shares, it has been a huge success over the past year. Investors have got a strong return of about 58 percent during this period. 

In the past six months, this share gained over 32 percent. So far, the share has risen 18-19 percent. 

Tata Steel made a new 52-week high of Rs 169.80 in the trading session on BSE. The market capitalization for the firm is higher than the amount of 2.06 lakh crore.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.



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